Baystreet Venture is an investment firm serving high-net-worth individuals and limited partners, focused on outperforming ...

The IRS has published a private letter ruling on I.R.C. §§ 170, 664, 2522, and 4941, confirming that trustees’ proposed division of a charitable remainder unitrust will not constitute self-dealing.

The due date for many tax-exempt and charitable organizations is the 15th day of the 5th month after the end of the accounting year. For an organization with a December 31 year-end, that’s May 15.

COLUMBUS, Ohio --Even if you never claim a tax deduction, the federal government may still know which charities you support. Federal rules require nonprofit organizations to disclose the names of ...

The government is adding a new deduction for non-itemizers. Starting in 2026, they will be able to deduct up to US$1,000 of ...

The Internal Revenue Service has declared illegal a tax scheme under which charities and other tax-exempt groups helped companies avoid taxes through fraudulent charitable donations. At the same time, ...

Individuals who choose to itemize their deductions on their tax returns can deduct charitable contributions of money or property. This means that those who opt for the standard deduction cannot deduct ...

The IRS’s annual list of the “dirty dozen” tax schemes includes the use of tax-exempt organizations to improperly shield income or assets from taxation. But two leaders of the Senate Finance Committee ...

losing their tax-exempt status for failure to file their informational tax return, called the Form 990. The new program would allow organizations to file their missing forms without penalty, paying ...

granted tax-exempt status to the Top of Texas K-9 Search and Rescue Association, speeding through an application process that typically takes 15 weeks or longer. Eamon P. Riley, the group’s executive ...

The federal government is asking big nonprofits like universities and hospitals to spend too much time and money reporting on their finances and other activities, nonprofit officials told members of ...

The IRS has published a private letter ruling on I.R.C. §§170, 507, 664, 2522, 4941, 4945, and 6034 permitting trustees to divide a charitable remainder unitrust into two separate trusts, ...